Short Interest in BTC Digital Ltd. (NASDAQ:BTCT) Expands By 57.1%

by · The Markets Daily

BTC Digital Ltd. (NASDAQ:BTCT – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 6,600 shares, a growth of 57.1% from the September 15th total of 4,200 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 25,600 shares, the short-interest ratio is currently 0.3 days.

BTC Digital Stock Performance

NASDAQ BTCT traded up $0.07 during trading hours on Friday, hitting $1.59. The company had a trading volume of 23,648 shares, compared to its average volume of 32,206. BTC Digital has a 1-year low of $1.32 and a 1-year high of $6.06. The business has a 50 day moving average of $1.53 and a 200-day moving average of $2.07.

BTC Digital (NASDAQ:BTCT – Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $6.38 million for the quarter. As a group, analysts expect that BTC Digital will post -0.98 earnings per share for the current year.

About BTC Digital

(Get Free Report)

BTC Digital Ltd. a crypto asset technology company engages in bitcoin mining business. It is also involved in mining machines resale and rental business. The company was formerly known as Meten Holding Group Ltd. and changed its name to BTC Digital Ltd. in August 2023. The company was founded in 2006 and is headquartered in Shenzhen, China.

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